Sidetrade SA (ENXTPA:ALBFR) signed binding purchase agreements to acquire 48.7% stake in SHS VIVEON AG (XTRA:SHWK) for ?3.6 million on April 15, 2024. The offer price per share is ?3 for 1,462,489 shares. Following the execution of binding agreements with shareholders, 43.0% of the SHS Viveon shares already acquired and 5.7% of the SHS Viveon shares set to be acquired in the coming days.

In related transaction, Sidetrade will acquire a 19.7% of the SHS Viveon shares at subsequent dates at the latest in July 2024 and Sidetrade plans to open its public tender offer to acquire the remaining shares of SHS Viveon AG at ?3.00 per share in cash on May 7, 2024. Upon completing these acquisitions, Sidetrade will become the majority shareholder and assume control of SHS Viveon AG. Sidetrade is assisted by King & Spalding LLP as legal advisor on the transaction and ODDO BHF SE as financial advisor.